elss

Hi, I would like to start investing in mutual funds through ELSS SIP method. This is the scenario for which I have a question: I make my first installment (A) on 1-Jan-2023. So the lock-in period for ‘A’ would be would be 1-Jan-2026. I make another installment (B) on 1-Mar-2023. So the lock-in...

Hello friends. I went through over many articles online regarding growth vs Dividend payout. I understand that ELSS funds are locked for 3 years so I cannot get my money back if needed for emergency. Hence I am thinking to Choose Dividend-Payout (not dividend reinvistment) SO that I can get...

Mutual Fund (MF) is an ideal investment vehicle. understanding this simple product sometimes become complicated due to excessive loads of information. To make it simple, MF is like your provision item that you buy every month. Whenever you spend some money, save some money as well to compensate...

Hi, I want to know from people here about ELSS. Firstly, is it likely that the Direct Taxes Code (DTC) will come into effect for the April 2013 financial year? I actually want to invest in the ELSS for tax benefits and want to know if it is a good option. If not, where else would you...

Hello, I need some urgent tax planning advice. I could not invest much all year round in any of the regular investment instruments because of various reasons. However, now I have to show investment proofs for the financial year. I have checked all my options and I think that ELSS would...

Hi All As you all might already know.. that, when the new tax code comes into effect (April 2011 ) return on all investments will be taxable. And new investment will not go into any open ended tax saving fund.section 8C will no long be present and hence ELSS will cease to exist. a) If we make...